Russell Investments Group Ltd. lessened its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 15.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,193,796 shares of the oil and gas producer's stock after selling 745,292 shares during the period. Russell Investments Group Ltd. owned approximately 0.89% of Kosmos Energy worth $14,343,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of KOS. VSM Wealth Advisory LLC bought a new stake in Kosmos Energy during the fourth quarter worth about $34,000. Disciplined Investors L.L.C. bought a new stake in Kosmos Energy in the 4th quarter worth $36,000. Sapient Capital LLC purchased a new position in shares of Kosmos Energy in the fourth quarter valued at about $37,000. Ballentine Partners LLC purchased a new stake in shares of Kosmos Energy during the fourth quarter worth about $58,000. Finally, RPO LLC bought a new stake in shares of Kosmos Energy in the fourth quarter worth about $59,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on KOS shares. Benchmark downgraded Kosmos Energy from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. StockNews.com lowered shares of Kosmos Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group decreased their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $5.60 price objective on shares of Kosmos Energy in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $5.27.
Read Our Latest Stock Analysis on KOS
Insider Buying and Selling
In related news, SVP Josh R. Marion sold 16,144 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,369.28. Following the sale, the senior vice president now owns 172,057 shares in the company, valued at approximately $536,817.84. This trade represents a 8.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Ronald W. Glass sold 16,182 shares of Kosmos Energy stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,487.84. Following the completion of the sale, the chief accounting officer now directly owns 320,231 shares of the company's stock, valued at approximately $999,120.72. This trade represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock worth $1,572,386 in the last three months. Insiders own 2.02% of the company's stock.
Kosmos Energy Stock Up 6.6 %
Shares of KOS traded up $0.11 during mid-day trading on Wednesday, reaching $1.70. The company had a trading volume of 2,137,135 shares, compared to its average volume of 9,834,945. Kosmos Energy Ltd. has a 52 week low of $1.39 and a 52 week high of $6.33. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The company has a market capitalization of $810.05 million, a price-to-earnings ratio of 3.88, a price-to-earnings-growth ratio of 5.24 and a beta of 1.94. The firm has a 50-day moving average price of $2.39 and a 200 day moving average price of $3.25.
Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). The firm had revenue of $397.66 million for the quarter, compared to the consensus estimate of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. On average, sell-side analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current year.
Kosmos Energy Company Profile
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Free Report)
Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company's primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.
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